Momentum Plays That Don’t Last
(Audio length 00:12:29) With a number of factors and a couple news events driving markets it can be dangerous to jump on some of these trends thinking it’s a sure thing. Chris Temple and I discuss the risks in today’s market of following some of the short term stories when it comes to investing your […]
Why Super-Efficient School Bus Routes Could Wreck The US Economy
Everyone is worried about robots. Elon Musk fears they will kill us all if we give them both deadly weapons and autonomy. He certainly has a point, but the non-lethal scenarios are no picnic either. Robots are already taking over human jobs at a rapid pace. Any work involving predictable, repetitive activities is vulnerable. Worse, artificial intelligence […]
This Critical Metal Is In High Demand
Zinc just hit its highest price since 2007. The recent pullback in zinc prices proved short-lived. As I told you earlier, zinc is one of my favorite investment ideas for 2017. This critical metal is in high demand. You can see that in the price chart below: China’s zinc imports soared 353% from February 28 to […]
Analysts Say Run From Finish Line After Profit Warning
Shares of Finish Line (FINL) are sliding after the shoe retailer reported downbeat preliminary second quarter results and cut its outlook for fiscal 2018. Following the announcement, several Wall Street analysts cut their ratings on the stock to sell-equivalent ratings. PRELIMINARY RESULTS: Last night, Finish Line reported preliminary second quarter earnings per share of 8c-12c […]
Bank Of America; “This Could Get Ugly, We Think”
Instead of finding new and creative ways of BTFD, overnight the BofA credit team did something so few finance professionals bother with these days: they looked at fundamental data to reach a conclusion that is independent of how much AAPL stock the SNB will have to buy to send the Dow Jones green. Specifically, the bank […]
Why The Price Of Ripple Will Rise Above 0.50 USD In 2017
Things look very bullish for Ripple. Given the setup of Ripple’s chart combined with the fundamental drivers behind Ripple we expect that Ripple’s price will rise to $0.50 in 2017, around year-end the latest. First, and foremost, Ripple’s chart looks awesome. After an amazing rise early this year, Ripple’s price touched $0.40, and came back sharply since then. From […]
Fed Study Shows Phillips Curve Is Useless: Admitting The Obvious
The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship. This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. A new Fed Study shows the Phillips Curve Doesn’t Work. A fundamental relationship of mainstream economic theory […]
SPY Boundaries
Even though the “end of the world sell-off” ended almost instantly this morning, I’m having a good day. I’m up 1.8% on my regular portfolio and about 3% on my ETF portfolio, in spite of being completely short (the one exception being my NUGT long, which I closed promptly this morning). The SPY is key […]
Gasoline Futures Coming To A Head
The price of Gasoline RBOB Futures is coming to a head in this large triangle formation, as shown on the following Monthly chart. Watch for a breakout and hold above its apex around the 1.6445 level, together with a new swing high on the Momentum indicator, to confirm sustainable bullish sentiment.
With $12B Deal, Kite Pharma Continues To Soar
Written by Kevin Dowd, PitchBook It’s been a heady year for shareholders in Kite Pharma (Nasdaq: KITE). Between the start of January and the end of last week, the price of the company’s stock rose more than 200%, shooting from below $46 to close trading on Friday at $139.10. That prompted plenty of skepticism among short sellers […]
